Tech layoffs accelerate in June, with more than 7,000 losing their jobs so far. Redfin lets go of about 470 workers or 6% of its staff. Compass is releasing about 450 workers, equaling 10% of its staff. Both companies saw its stock drop ranging from 5% to 10%. Companies are starting to revise their financial positions to make it through a recession. Anticipating home sales cooling nationwide and rising interest rates, the two companies had to lay off workers on Tuesday.
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